Russian Finance Minister Anton Siluanov said the Russian budget for the next three years will be “the most difficult in his professional career”. “We faced restrictions and sanctions, we realized that some critical technologies were not produced in our country,” the minister warned in a movie dedicated to the ministry’s 220th anniversary (aired on TV channel today). “Russia 24”).
According to him, the cost of import substitution will be budgeted for the next three years. “The subject of renewing the competencies we acquired from abroad is of course a long enough program, but we cannot achieve technological dominance without it. All these require money and we are looking for this money both in the current year and in the preparation of the budget.”
In addition, restrictions on oil and gas exports will also affect the budget. “In the context of restrictions, including a restriction on oil supply, it is important to take into account not only the prices of these energy carriers, but also, possibly, the volume of supply.
The volume of external resources affects the volume of production. Because, respectively, the income of the country’s budget also depends on it. Therefore, in the new version of the budget rules, we also want to take this indicator into account in order to protect ourselves from various risks in terms of volume. ”
How knowledgeable Siluanov previously “finished” the draft budget before it was submitted to the State Duma. The authors need to find the “golden meaning” if the budgetary resources are concentrated as much as possible on the development and implementation of social tasks, but at the same time it does not create an imbalance in the financial market. “And that’s just the middle – it’s always very difficult to achieve,” said the head of the ministry.
Meeting with Putin
President Vladimir Putin is expected to hold a meeting on economic issues next week. The exact date has not yet been announced in the Kremlin. The meeting will also discuss the preparation of the federal budget draft.
“The issue is socio-economic development, and then the budget process is still beginning,” Dmitry Peskov, the head of state’s press secretary, told reporters.
When asked whether the budget was prepared, he replied, “Yes, of course”.
“It will not be easy”
Prime Minister Mikhail Mishustin, in an interview on the 220th anniversary of the Ministry of Finance, also noted that the budget for the next three years will be “difficult”.
“It will not be easy, but believe me, we will discuss this professionally and we will definitely find all the necessary solutions to ensure that all the main tasks of the state are fulfilled,” the head of the cabinet said.
Mishustin expressed confidence that the country will strengthen after the crisis, but now the scale of sanctions and attempts by unfriendly countries to block exports, imports and logistics corridors of the Russian Federation – “all this poses difficult tasks for budgeting.”
“Disagreements about how to best spend [бюджетные средства], always executed, they talk about the percentage of GDP that should be spent on certain areas. Of course, the most important of these are social areas,” he said.
“Accelerated Adaptation”
as they write vedomosti According to the forecast of the Ministry of Economic Development, if the “accelerated adaptation” scenario is implemented, by 2030 the Russian economy will exceed the 2021 level by 17%. It assumes that the rate of investment growth in 2030 will increase by 30% and real incomes of the population by 20% by 2021. It is planned to reach these growth rates with the help of a new socio-economic program.
The newspaper writes that the growth of the Russian economy will be 2.6% in 2024-2025, and then it will approach 3%. It is planned to achieve positive dynamics primarily due to domestic growth, both consumer and investment.